Chicka-Chicka!
Q3 Issue Series of FY 2023-2024
The Other Side of PICPAns Featuring: Theresa Mercedes Maria del Carmen (Chankie) Infante-Credo, CPA
A Life of Purpose and Service: A Journey Through Leadership, Passion, and Advocacy
By: Rosario B. Villaluz, CPA
“Be a good person and do what is right and fair in the eyes of God.”
“What you are is God’s gift to you, what you become is your gift to God.”
“If there’s a will, there’s a way!”
Guided by these key principles in life, Theresa Mercedes Maria del Carmen Infante-Credo or fondly called “Chankie” takes joy and fulfillment in doing a multitude of responsibilities, spanning across leadership roles, domestic obligations, and church and community engagements.
In the realm of professional achievement and personal fulfillment, the course of one's life is often shaped by a unique combination of experiences, values, and aspirations. Such is the case for Chankie, a dedicated CPA who not only excels in the realm of accounting and finance but also endeavors to enrich the lives of those around her.
At the peak of Chankie's professional journey is her distinguished position as a Board of Director at the Philippine Institute of Certified Public Accountants (PICPA) Negros Oriental Chapter since 2021. This role not only signifies her expertise in the field of accountancy but also showcases her commitment to advancing the profession.
Beyond the confines of the professional arena, she and her husband are also unselfishly serving the church and community by being active members of the Brotherhood of Christian Business Men and Professionals (BCBP) Dumaguete South Chapter since 2002. Their extensive engagement as a couple within this organization is marked by various leadership roles, including Chapter Head, Formation Director, Programs and Services Director, and Music Ministry Head showed their commitment to community development and spiritual growth. The Ave Maria Guild, where the couple also serve as accompanist and choir members, further underscores their passion for music and spiritual expression.
Chankie also aspires to a career in art and design as an Interior & Exterior Designer. This dream aligns perfectly with her hobbies, including singing, dancing, cooking, gardening, landscaping, and reading self-help and spirituality books. The diverse range of interests reflects a well-rounded individual who seeks fulfillment not only in her professional pursuits but also in creative and introspective endeavors. Interestingly, if not a CPA, Chankie envisions herself as a Construction Contractor, emphasizing a dynamic and versatile personality, capable of excelling in different fields.
Chankie's advocacies center around helping others improve and be the best version of themselves, along with supporting total wellness programs. This steadfast dedication to holistic well-being and personal development finds immortalization in the family-owned sports center, InCREDOball Sports and Development Center in Barangay Daro, Dumaguete City.
The unwavering commitment of Chankie extends seamlessly from her dedicated service in PICPA to her dynamic involvement in various organizations, embracing multifaceted roles that epitomize a life infused with purpose and unwavering dedication to the service of others. At the essence of her being, along with her entire family of artists and sports enthusiasts, she radiates a natural eagerness to selflessly dedicate their time, skills, and resources, all for the greater glory of God.
PIC-spiring Journey Featuring: Ms. Cris May A. Libaton, CPA
By: Ma. Rosalina Besario, CPA, PhD
Ms. Cris May A. Libaton, CPA
Accountant
Mohammad Jassim Alkuwari & Sons (MJK) Group
Qatar
MS. CRIS MAY. A LIBATON, CPA—a title earned through years of perseverance, dedication, and a relentless pursuit of excellence. This title holds great significance for Ms. Cris May, as it represents the finale of a journey that began in her teenage years, filled with uncertainties and challenges.
The CPA Journey
“The journey was not easy, and I sacrificed a lot for time, health, and other factors within that almost 5-year journey of becoming a CPA”, quipped Ms. Cris May. “I still remember taking Basic Accounting in my first year, first semester in college. I would always call my mama and papa minutes before every chapter exam. I had to ask them to pray for me. Exams are crucial moments that can significantly impact my grades in a particular subject. These grades could determine whether I am qualified to continue enrolling in the same course and following the same academic path in the upcoming semester. Constantly "delaying gratification" is the best way I could describe it. As an accounting student, you need to focus and put a lot of time and effort into your studies, meaning you need to give up extra or side activities. Being smart is indeed not enough. Those who are not that smart but diligent can mostly survive more than those who are extremely smart but depend on being one. I know a lot of people proving this, and that includes me.”
Ms. Cris May shares her journey of dedication and sacrifice to pursue her goals. From unyielding effort to untiring commitment, her story shows the power of perseverance. Through challenges and setbacks, she remained committed on her path to success.
“I always doubted myself before, which made me exert more effort and do my best. Double your efforts, and the outcome will be more significant. Don't say, "passing rate is enough for me."
“Do what the majority needs to do or is willing to do. I always had these mindsets when I was still studying. People call me "the girl with books (or photocopies) and a calculator always with her." Who cares? I have a dream to fulfill. Without trying to brag, becoming a Latin awardee was my goal in college, not just passing all the subjects. You can call me "ambisyosa,". Still, I could say that I did my best to achieve it—I sacrificed a lot of sleep and time for other stuffs. I did not want to waste my time, so I took every opportunity to study even while riding on a jeep or tricycle, waiting for my name to be called at banks or pawnshops, and taking our orders from the cafeteria. I can't say it was too much; I knew myself and was responsible for my goals. I always believe in the saying, "Do your best wherever you are with what you have." I didn't complain. Instead, I constantly adjusted to the situation. I should not get too frustrated. Despite my sleepless nights, I may not have done well in some exams, but I never got discouraged and instead tried harder. I always learned from the experience, reassessed myself, and responded positively. I did what worked best for me and did not depend on others. In the library, I always stayed at the corner of the long table, concentratedly studying, and always tried my best not to get tempted to join unnecessary chats with others. Others may say, "No, her ways are bad; she doesn't know how to relax and have fun." Then, so what?”
“My ways work for me. I feel more relaxed and at peace if I study more than necessary. Others may seem well-prepared for the exams since they have the luxury of time for other stuff, which is good for them. In college, I chose the right circle of friends. I benefited greatly from being around good, responsible, and accomplished students. Our environment has a significant impact on our motivation. Fortunately, by God's grace, I survived till I graduated and passed the board exam on my first try. I want to give all the credit to our God Almighty.”
The Premium Beginning
In her reflections, Ms. Cris May discusses the perks and challenges of being a CPA. Initially, she saw it as a significant achievement but later realized it was just the beginning of a journey filled with various experiences. While there are benefits like high demand and good pay, drawbacks include the time and money needed, a lack of work-life balance, and occasional stress. Through her honest assessment, she offers insights into the reality of being a CPA and encourages us to consider the profession's upsides and downsides.
"I always doubted myself before, which made me exert more effort and do my best. Double your efforts, and the outcome will be more significant. Don't say, "passing rate is enough for me."
“ So now, what are the benefits of adding these three letters to one's name? For those interested in accounting, having this title is the ultimate goal. Generally, it is the most significant educational achievement you could strive for in accounting. I felt fulfilled when I got the title and was assured, I'd be good for the rest of my career. But later, I realized it was a "Premium Beginning." I began my career in public practice while teaching part-time at a university. I did and was amazed by the audits, tax filings, managerial advisories, and other services that an accounting firm can offer to various clients. I was happy, thrilled, and enthusiastic for the first two years with the firm's busy schedules and diverse learning and experience opportunities. Later, I felt overwhelmed or satisfied with what I got and thought about working for a private company. Still, I ended up at a university with multiple campuses. I was looking for a higher-paying job then. I know it is common for us, those in our early career stages, to want to learn more about something new and exciting.
“Becoming a CPA changed my life. CPAs are in demand, given that passing rates are getting lower and lower. We are in demand in all accounting fields and just got to choose, and we always get higher pay compared to those who are not at an entry level. One of the best benefits of being an accountant is that we are in a growing and stable job market. Nothing is certain except death and taxes. With this, accountants play a pretty important role. Aside from this, we can work remotely, help businesses, and be our boss. A fantastic option to advance your career could be to start your accounting firm if you possess an entrepreneurial drive”.
“While enjoying the benefits of being a CPA or accountant, we can't save ourselves from the negatives. Being a CPA could be more appealing. Becoming a CPA is a significant investment in time and money. You need to earn high CPD units to renew your license every three years (in the Philippines), which requires these things again. Being an accountant gives you a lack of work-life balance. Accounting work for me is never-ending. We get too attached to finishing everything to feel fulfilled and not wanting to stop working anymore. Since we can mainly work remotely, we tend to work everywhere we are and anytime, preventing us from separating life and work. I'm still working even in my dreams”.
“Moreover, accounting work can seem dull sometimes. It can be boring, let's admit that. There will undoubtedly be moments when you're using Excel for boring or tiresome data entry or crunching. Still, there's also a lot of problem-solving and evaluation that may be engaging and exciting. I have always liked field work such as audits, visiting sites, or factories. Lastly, accountant work can be stressful, especially if you are responsible for the Company's finances (planning, meeting deadlines with corresponding penalties, maintaining and improving systems, and others); our work and decisions as accountants affect the whole Company. We must evaluate our attitudes toward stress and excessive tasks with honesty. Being an accountant fits us if we're not easily stressed and are okay with being a little tense”.
Career Transitions and Continuous Growth
Becoming a CPA is often seen as the ultimate goal for accountants. Ms. Cris May's journey to achieving this milestone took a lot of work. That journey was filled with surprises and realizations. Join me as I share her experiences as a CPA, from the highs of success to the challenges of balancing work and life.
"We CPAs must manage our career path by balancing opportunities and continuous learning, given that technology is rapidly advancing, global markets are constantly changing, economic conditions are always shifting, and accounting standards, laws, and compliance needs are continuously evolving. As someone new in the profession, I always crave more knowledge, experience, and fulfillment. Despite the challenges that come with any job, I remain committed to staying up to date with the latest developments and striving to improve my skills.
Human as we are, we always end up complaining. When I resigned from the firm to escape the hectic schedules, I focused only on one account or entity in other fields. But when I got into it, I realized I wouldn't say I liked it and was uncomfortable inside the office all day. I may have missed the field audits, meeting various clients in various forms and from different industries, and constantly receiving new knowledge and experience daily. But don't get me wrong, I still learned a lot from my second job, and I had the best leaders and co-workers then. They're respectful, not toxic, and we treat each other as family.
I worked for almost two years until I decided to go abroad. I am in Qatar right now. An opportunity came, and I just grabbed it to have the chance to explore or experience another country. As I said, I always want exploration and new experiences. So far, one of my biggest realizations is that being a CPA is less appealing to most companies here. When I was still applying for a job last year and did four interviews with different companies, the length of experience in Qatar and other GULF countries mattered most for them. During the interview, they would be highly interested in you till you talk about length of experience and salary expectations.
I ended up in a group with multiple companies (construction, production, and real estate). Since this is Qatar, their government, business ownership types, systems, and especially taxation differ from what we have in the Philippines. Here, people and businesses don't pay income tax, and you can't start or form a business without a Qatari partner (may that partner be a silent or an active partner).
I'm enjoying my work as I learn new systems, software, banking-related knowledge, and others and work with various nationalities. It's good to witness the diverse cultures and practices of different nationalities. For now, I miss my fast-paced life in the Philippines. After my 8-hour work, I would have my MBA classes and part-time weekend teaching. I missed the various seminars and trainings conducted by PICPA and being an active organization member. I was able to meet with different CPA leaders and role models regularly. Since I got here, I only met one CPA because CPAs from our country don't usually come here to Qatar or other Middle Eastern countries but to Canada, Australia, or the US, where they can have a more promising career. Your life here is work-to-home mostly and vice versa, and sometimes I question whether coming here in my mid-20s was a good decision.
Lastly, as accounting professionals, we must never forget our work's true purpose and meaning. Regardless of our specific role or area of expertise, we should always strive to uphold the responsibilities and values of being an accountant in our society. It includes maintaining accuracy, honesty, and integrity in our work and using our skills to impact our clients and communities positively. By remembering this, we can continue to grow and improve as professionals and make a meaningful contribution to the world. We should not question and compare our career paths and fates with others. Wherever we are, we can always shine and succeed uniquely. I admit I felt lost in my first six months here. I felt isolated. I searched on Facebook if there's a PICPA here in Doha, and there is actually. I registered as a member and now attend various seminars and events with other CPAs (leaders and experienced ones). Our responsibilities will always be to grow and nurture continuously wherever we are. We should always be passionate and adaptable and keep other factors from affecting our roles and importance in business".
A certified public accountant (CPA) demonstrates persistence and commitment, progressing from student to experienced expert in her/his field. The journey towards obtaining the CPA designation is marked by difficulties and personal compromises, stressing the need for unwavering dedication and persistent exertion in pursuing excellence. This journey from dedicated accounting student to industry success pays tribute to the transformative influence of determination and hard work.
The practical aspects of becoming a Certified Public Accountant (CPA) embrace the benefits and difficulties inherent in the professional role. Despite the challenges, a commitment to ongoing personal and professional development remains firm, with change viewed as an opportunity for growth and learning. This narrative inspires individuals to approach their professional paths with dedication and enthusiasm, emphasizing the significance of resilience, adapadaptation, and continuous education in achieving triumph.
Decoding the Love Languages of Accountants: Balancing Sheets and Emotions
By: Ria Jane Favor, CPA
In the realm of relationships, understanding one another's love languages is paramount for fostering deep connections. While many are familiar with the classic love languages like words of affirmation, acts of service, and physical touch, there's a unique dialect spoken by a particular group: The Accountants.
Yes, you read that right. Accountants, often perceived as number-crunching professionals buried in spreadsheets, have their own distinct love language. Let's explore the unique ways in which accountants express and interpret affection in both personal and professional settings.
Never Assume Unless Otherwise Stated
Accountants thrive on clarity and precision. They appreciate when information is communicated explicitly and without ambiguity. In the language of love, this translates to a preference for direct communication. They value partners who express their thoughts and feelings openly, leaving no room for misinterpretation.
Words of Affirmation, with Evidence
Accountants are not just satisfied with sweet nothings; they prefer compliments backed by evidence. Whether it's acknowledging their attention to detail or recognizing their problem-solving skills, specificity matters. Hearing, "You did a great job reconciling those accounts because it helped us identify potential discrepancies," speaks volumes to an accountant's heart.
Acts of Service, Efficiency
While acts of service are appreciated by all, accountants have a desire for efficiency. They value gestures that restructure processes and make their lives easier. This could mean organizing financial documents, optimizing workflows, or even just brewing a fresh pot of coffee during tax season crunch time.
Quality Time, Balanced with Work-life Harmony
Accountants understand the importance of time, especially when deadlines loom large. However, they also cherish quality moments with loved ones. For them, the ideal partner respects their dedication to their profession while actively seeking opportunities to spend meaningful time together, whether it's a weekend getaway or a decent dinner downtown.
Physical Touch, Calculated Comfort
While not as obvious as other love languages, accountants appreciate physical touch in subtle ways. A reassuring pat on the back after a successful audit or a comforting hug during a particularly stressful day can speak volumes. It's all about conveying support and solidarity in the language they understand best.
Understanding the love language of accountants goes beyond the stereotypical image of a calculator-tapping introvert. It's about recognizing their unique preferences and showing appreciation in ways that resonate with their professional mindset. So, the next time you find yourself captivated by an accountant, remember to speak their language – it just might balance your books of love like never before.
PICPuns!
By: Rosario B. Villaluz, CPA
Welcome to the delightful world of PICPuns! Where the seemingly mundane realm of accounting is transformed into a playground of wit and whimsy.